Ontario-based battery manufacturer Electrovaya has sold €1 million ($1.14 million) worth of lithium-ion cells to an EV producer in Europe.
Electrovaya, through its subsidiary Litarion, produces cells, electrodes and Separion ceramic separators. It has a manufacturing capacity of about 500 MWh of cells per year.
“This follow-on order…underlines the strong commercial performance of our cells, which is viewed as one of our key differentiators in the marketplace,” said Thomas Kagemann, Electrovaya/Litarion Director of Sales in Europe. “This order is also reflective of an increasing level of interest from electromobility customers in Europe for our cells, who are recognizing our industry-leading safety, energy density and cycle life.”